China Cotton Reserve Said It Will Take Timely Measures To Maintain Stable Cotton Prices.

2010/6/12 10:15:00 39

China

Reserve cotton

The management company wrote on the website of the SASAC that the departments concerned are paying close attention to the continuous rising trend of cotton prices and will take corresponding measures to maintain the cotton prices basically stable.

Statistics show that last week the domestic cotton market was stable and strong in June 4th.

Standard grade cotton

The average price was 17516 yuan / ton, 1.1% higher than the previous week, and the average price of Chinese cotton port at the port of entry (M) was 89.87 cents / pound, down 0.9% from the previous week.

According to the 1% tariff, the import cost of RMB equivalent is 15840 yuan / ton, 1676 yuan lower than the domestic market price, and the price difference is 338 yuan more than the previous week. According to the sliding tax, the import cost of RMB equivalent is 16257 yuan / ton, 1259 yuan lower than the domestic market price, and the price difference expanded by 337 yuan compared with the previous week.

China store cotton said that because of the textile industry's continued recovery face greater uncertainty.

demand

Pulling or weakening will make cotton prices gradually return to reason.

In addition, China cotton reserves said that most cotton areas in the mainland are relatively ideal for cotton seedling, but the Xinjiang area is relatively weak.

The national cotton market monitoring system statistics show that the cotton planting area in the new year is flat and the output is expected to increase slightly.